Star Entertainment Group (SGR) 21c
SGR fell 6.7% on Wednesday, adding to its woes of recent years. Incredibly, SGR now only has a market cap of $600mn as it increasingly appears like a “penny dreadful.”
Star Entertainment (SGR)
SGR $0.17
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 0.17
- Change
- ▼ -0.01 (-5.71)
- Bid / Ask
- 0.17 - 0.17
- Volume
- 2,754,466
- Turnover
- 470,450
- Open
- 0.17
- Day Range
- 0.17 - 0.18
- VWAP
- 0.17
- Prev Close
- 0.18
- Last Trade
- 13/11 4:19pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Consumer Cyclical
- Shares Issued
- 6,636,202,776
- NTA/Share
- 0.04
- Last Dividend
- —
- Dividend Ex Date
- —
- Dividend Pay Date
- —
Current (AUD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 1,101.00
- EBITDA
- -144.30
- Profit
- -307.30
- Earnings Per Share (EPS)
- -0.06
- Dividend Per Share (DPS)
- —
- Yield %
- 0.00
- Market Cap
- 1,112.45
- Price to Earnings Ratio (P/E)
- -2.77
Estimates (AUD)
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
No consensus estimates are available for this company.
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Undervalued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- Very High
Morningstar Quantitative Rating as of 11 NOV 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 0.15 Fair value 0.21 One-star price 0.30
Morningstar Quantitative Rating as of 11 NOV 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 0.21
- Price / Fair Value
- 0.78
- Valuation
- Undervalued
- Uncertainty
- Very High
Morningstar Quantitative Rating as of 11 NOV 2026. The slider runs from the five-star price (0.15) to the one-star price (0.30).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 0.18 |
| Price - 12 month high | 0.20 |
| Price - 12 month low | 0.08 |
| Pricing date | 11 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 10.82 |
| Market capitalization | 1,179.87 |
| 12 Month High price date | 2 JAN 2026 |
| 12 Month Low price date | 18 NOV 2025 |
| Volume - avg. trading volume for the last 3 months | 5.27 |
| Price - 1 Day % Change | 6.06% |
| Price - 13 week price percent change | 34.62% |
| Price - 26 week price percent change | 59.09% |
| Price - 5 Day % Change | 9.38% |
| Price - 52 week price percent change | 92.31% |
| Price - YTD price percent change | -2.78% |
| Price % Change Month To Date | 40.00% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | -0.060 |
| EPS excluding extraordinary items - trailing 12 month | -0.060 |
| EPS Normalized - most recent fiscal year | -0.031 |
| Revenue/share - most recent fiscal year | 0.216 |
| Revenue/share - trailing 12 month | 0.216 |
| Book value per share - most recent fiscal year | 0.057 |
| Book value per share - most recent half-year | 0.057 |
| Book value (tangible) per share - most recent fiscal year | 0.044 |
| Book value (tangible) per share - most recent half-year | 0.044 |
| Cash per share - most recent fiscal year | 0.040 |
| Cash per share - most recent half-year | 0.040 |
| Cash Flow per share - most recent fiscal year | -0.009 |
| Cash Flow per share - trailing 12 month | -0.009 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.000 |
| EBITD per share - trailing 12 month | -0.028 |
| EPS Basic excluding extraordinary items - most recent fiscal year | -0.060 |
| EPS Basic excluding extraordinary items - trailing 12 month | -0.060 |
| EPS including extraordinary items - most recent fiscal year | -0.060 |
| EPS including extraordinary items - trailing 12 month | -0.060 |
| Free Cash Flow per share - trailing 12 month | -0.016 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | — |
| P/E Normalized, most recent fiscal year | — |
| Price to sales - most recent fiscal year | 0.81 |
| Price to Tangible Book - most fiscal year | 4.01 |
| Price to Free Cash Flow per Share - most recent fiscal year | — |
| Price to Cash Flow per share - trailing 12 month | — |
| Price to Book - most recent fiscal year | 3.08 |
| P/E excluding extraordinary items high, trailing 12 months | — |
| P/E excluding extraordinary items low, trailing 12 months | — |
| Net Debt, LFI | 205.20 |
| Net Debt, LFY | 304.50 |
| Dividend Yield - 5 Year Average | — |
| Dividend Yield - indicated annual dividend divided by closing price | — |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 0.00% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | -79.20 |
| LT debt/equity - most recent fiscal year | 149.40% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 151.42% |
| LT debt/equity - most recent half-year | 4.37% |
| Total debt/total equity - most recent half-year | 65.22% |
| Free Cash Flow - trailing 12 month | -72.22 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 1,101.00 |
| Revenue - trailing 12 month | 1,101.00 |
| EBITD - most recent fiscal year | -144.30 |
| EBITD - trailing 12 month | — |
| Earnings before taxes - most recent fiscal year | -305.30 |
| Earnings before taxes - trailing 12 month | -305.30 |
| Net Income available to common - most recent fiscal year | -307.30 |
| Net Income available to common - trailing 12 months | -307.30 |
| Earnings before taxes Normalized - most recent fiscal year | -304.40 |
| Net Income Available to Common, Normalized - most recent fiscal year | -158.90 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | -0.03 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | -27.54% |
| Net Profit Margin % - trailing 12 month | — |
| Operating margin - 1st historical fiscal year | -32.09% |
| Operating margin - trailing 12 month | — |
| Pretax margin - trailing 12 month | — |
| Pretax margin - 1st historical fiscal year | -27.73% |
| Operating Margin - 5 year average | -19.20% |
| Pretax Margin - 5 year average | -64.01% |
| Free Operating Cash Flow/Revenue, 5 Year Average | — |
| Free Operating Cash Flow/Revenue, TTM | — |
| Net Profit Margin - 5 year average | -61.85% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | -17.38% |
| Return on average assets - trailing 12 month | — |
| Return on average equity - most recent fiscal year | -64.92% |
| Return on average equity - trailing 12 month | — |
| Return on average assets - 5 year average | — |
| Return on average equity - 5 year average | — |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | -6.44% |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | — |
| Revenue/share (5 yr growth) | -31.02% |
| Growth rate% - Revenue, 3 year | -15.98% |
| Growth rate% - EPS, 3 year | — |
| Book value per share growth rate, 5 year | -55.50% |
| Capital Spending growth rate, 5 year | -19.93% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
No consensus estimates are available for this company.
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Star Entertainment Group (SGR) $0.40
A few times over recent years, we considered SGR as an aggressive “punt”, though not an investment-grade proposition for MM. However, management has continued to disappoint shareholders and the regulator on many issues, making us feel “what next”. We see further regulatory risks ahead for the company, including the ongoing fallout from the 2nd Bell Inquiry in NSW, plus potential negative revenue impacts from the introduction of responsible gameplay mechanisms.
Star Entertainments (SGR) $0.52
SGR +8.33%: the casino operator delayed their HY result given the recent announcement of a second review into the Sydney casino from the NSW Casino regulator. The company was aiming for ~$20m EBITDA per month at the AGM in August, coming in slightly below that run rate with $114m in the first half.
Star Entertainment (SGR) 63.5c
SGR -8.43%: the casino operator was back trading today after completing the bulk of a recapitalization raise that will vastly improve the balance sheet. Shareholders are able to buy 1 new share at 60c for every 1.65 held with the Institutional component of the entitlement offer raising $565m on 67% of rights taken up.
Star Entertainment Group (SGR) – Trading Halt
SGR is raising $750mn at 60c through existing shareholders and an institutional placement, plus they have secured another $450mn line of debt as part of a refinancing package, at this stage, they don’t plan to sell any assets.
Star Entertainment Group (SGR) 97.5c
SGR rallied +2.6% yesterday albeit off an extremely low base, we’re sticking with what we said last week – “We have no interest in picking the bottom in SGR but our best guess is it rotates between 90c and $1.20 through the 2H i.e. an alternative to the Melbourne Cup!”
Star Entertainment Group (SGR) $1.00
In our opinion, this has firmly become a trading, as opposed to investment grade, stock however we can see more +20% bounces over the coming months but MM is unlikely to participate.
Star Entertainment Group Ltd (SGR) $1.06
SGR has been discussed a few times recently as the embattled casino operator starts to offer some semblance of value after plunging over -76% from its 2021 high but we’re also cognisant that our portfolios have outperformed post-COVID often because we’ve avoided catching falling knives i.e. only over recent weeks via Magellan (MFG), Lend Lease (LLC) and Elders (ELD) have we ventured into the deep value pockets of the market. SGR recently announced that the Queen's Wharf opening is now expected from April 2024, a delay of ~4 months from previous plans but when things look their worst opportunities often present themselves.
Star Entertainment Group (SGR) $1.18
SGR has been embroiled in controversy over the last 18 months falling from ~$3 down to just 99c last week, however we question, has the baby been thrown out with the bathwater? While earnings have been under pressure with fines and regulatory restrictions hampering operations, we can’t lose sight of the value of their underlying assets.
Star Entertainment Group (SGR) $1.19
SGR has regularly been in the headlines this year as the stock tumbles ever lower, yesterday we heard that its Brisbane Queens Wharf project has again been delayed. The $3.6bn resort was due to open before Christmas but now April 2024 is the new date – until we get close perhaps!
Action
Updated
05/12/2024
10:22
SGR
Updated 05/12/2024 10:22
MM is neutral at best toward SGR
Updated
02/05/2024
14:21
SGR
Updated 02/05/2024 14:21
MM is neutral toward SGR
Updated
29/02/2024
17:00
SGR
Updated 29/02/2024 17:00
MM is neutral to bullish SGR
Updated
29/09/2023
09:34
SGR
Updated 29/09/2023 09:34
MM remains neutral SGR
Updated
26/09/2023
09:31
SGR
Updated 26/09/2023 09:31
MM is now neutral toward SGR
Updated
11/08/2023
08:44
SGR
Updated 11/08/2023 08:44
MM is neutral toward SGR
Updated
04/08/2023
08:51
SGR
Updated 04/08/2023 08:51
MM is neutral toward SGR
Updated
18/07/2023
17:18
SGR
Updated 18/07/2023 17:18
MM is cautiously bullish toward SGR between $1 and $1.10
Updated
04/07/2023
08:44
SGR
Updated 04/07/2023 08:44
MM is bullish toward SGR under $1.20
Updated
06/06/2023
08:55
SGR
Updated 06/06/2023 08:55
MM likes SGR under $1.20 as an aggressive play
Business Summary
The Star Entertainment Group Ltd is an Australian-based company that operates and manages integrated resorts across the country. The Group's reportable segments are Sydney, Gold Coast, and The Star Brisbane. Maximum revenue is derived fromthe Sydney segment, which comprises The Star Sydney's casino operations, including hotels, restaurants, bars, and other entertainment facilities. The Gold Coast segment comprises The Star Gold Coast's casino operations, including hotels, restaurants, bars, and other entertainment facilities; and The Star Brisbane segment includes management of The Star Brisbane, including casino operations, hotels, restaurants, bars, and other entertainment facilities, in exchange for an operator fee.
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